Seagate Technology (STX) NewsBite - STX Hits 52-Week High
Posted: Monday, October 26, 2009 12:26 PM EDT
Seagate Technology (NasdaqNM: STX) hit a new 52-Week high of $16.50 so far today. Currently the stock is up $.17 (1.08%) to $15.90 on 6,357,815 shares traded. Today's high is up $12.92 from a 52-Week Low of $2.98. Seagate Technology stock has been showing support around $15.38 and resistance in the $16.30 range. Technical indicators for the stock are bullish and S&P gives STX a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on STX the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 14 range. [ABR-Seven Summits Strategic Investments NewsBite]
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